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The second plan for strengthening competitiveness of the service industry

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Frame of Image f the manufacturing sector has decreased from 27.2% in 1990 to 18.0% in 2006. The GDP share shows a similar pattern to the employment share. However, the increase in the share of GDP by the service industry is much smaller than that of employment, which implies that the labor productivity increase of the service industry is smaller than that of the manufacturing industry. Although the importance of the service industry has become greater since the 1990’s, the employment and GDP share by the service industry in Korea is
Table 1.
Employment and GDP share of Service Industry and Manufacturing Industry
1990 1995 55.1 23.6 51.4 27.6 2000 61.6 20.3 54.4 29.4 Unit : % 2006 66.0 18.0 57.2 27.8
Employment
Service Manufacturing
47.1 27.2 49.5 27.3
GDP
Service Manufacturing
Source : Bank of Korea. Note : Employment share (2005, %) : US 78.6, Britain 76.5, OECD average 69.4, Korea 65.2 GDP share (2004, %) : US 76.7, Britain 74.7, OECD average 68.7, Korea 55.6
12
KIET Industrial Economic Review
Table 2.
Korea GDP Share Employment share 56.3 65.5
Employment and GDP share
Japan 68 67.1 France 75.9 72.6 USA 76.5 78.4 Unit : index OECD Average 67.6 69
Source : OECD. Note : GDP share and productivity are 2003 data, and employment share are 2004 data. Employment and GDP share for Korea are 2005 data.
Table 3.
Korea 100 Japan 184.4
Labor Productivity
France 192.8 USA 242 Unit : index OECD Average -
Source : OECD. Note : Labor productivity of France is 2002 data. All others are 2003 data.
s t i l


Full Text
Title The second plan for strengthening competitiveness of the service industry
Similar Titles
Material Type Reports
Author(English)

Cho, Hyunseung

Publisher

[Seoul]:Korea Institute for Industrial Economics & Trade

Date 2007
Journal Title; Vol./Issue KIET Industrial Economic Review:vol. 12(no. 5)
Pages 7
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Industry and Technology < General
Holding KIET; KDI School

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